viewCapital Drilling Ltd

Improved performance 'a validation' of Capital Drilling's strategy

Capital Drilling Ltd's (LON:CAPD) chairman Jamie Boyton tells Proactive Investors 2018 was a strong year for them - especially in the second half.

The company reported fourth-quarter revenue at US$30.5mln, down 1% from US$31mln in the preceding three month period, but, up 12.5% compared to the same quarter a year ago.

Operational activity improved with utilisation rates measuring 59% at the end of the quarter, versus 47% in the comparative quarter of 2017, thanks to increased exploration activity in West Africa and Botswana.

Quick facts: Capital Drilling Ltd

Price: 59.875 GBX

Market: LSE
Market Cap: £81.58 m

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Full interview: 'New phase' for Capital Drilling with first comprehensive...

Capital Drilling PLC's (LON:CAPD) Jamie Boyton speaks to Proactive London's Andrew Scott after announcing they'd won a five-year contract with Allied Gold Corp to provide a full range of mining services at the Bonikro Gold Mine in The Ivory Coast.  It is the first time Capital has taken...

on 10/10/19

2 min read